A post vehicle audit at ZIMRA has revealed that there were 485 irregular import documents and the taxman was possibly prejudiced of a whopping US$70 Million by the anomalies, The Herald reports.
According to the publication, the matter came to light at the ZIMRA AGM when ZIMRA Commissioner-General Faith Mazani shed more light on the issue. The publication claims that:
Most of the vehicles, Zimra said, were luxury cars against which investigations have been instituted along with efforts to recover the outstanding amounts due to the authority.
The audit was done as part of wide-ranging measures implemented by the tax authority to plug all revenue leakages and maximise collections.
As part of the revenue-enhancing measures and collections through post-importation audits, Zimra implored all importers of specified motor vehicles to verify whether their vehicles were properly cleared and if duty was paid.
ZIMRA reportedly revealed that companies owed the taxman over $5 Billion in unpaid taxes.
More: The Herald